On 17th January, 2019, the awarding ceremony of “2018 Top Ten Successful ASEAN Enterprises Entering China” is co-held by China-ASEAN Business Council (CABC) and ASEAN Council Beijing (ACB) in Beijing. For its excellent performance in China market in the last 18 years with continuously and steady growth, SM Prime Holdings, Inc. won the title given by CABC for the fourth time, which again demonstrates the company’s strength and contribution it has made to the economic and trade cooperation between China and ASEAN.
On behalf of SM, Ms. Johanna Melissa N. Rupisan, Head of Operations for SM China received the award presented by Mr. Xu Ningning, Executive President of China-ASEAN Business Council.
Ms. Johanna Melissa N. Rupisan(fourth from right), Head of Operations for SM China received the award presented by Mr. Xu Ningning, Executive President of China-ASEAN Business Council
Year 2018, ASEAN countries and China celebrated their 15th anniversary of establishing strategic partnership, to recognize and award top enterprises which make great contribution to build One Belt, One Road and to promote the economies of both China and ASEAN countries, “Top Ten Successful ASEAN Enterprises Entering China” awards were given to 10 corporations.
Under the support of China Council for the Promotion of International Trade and The ASEAN Secretariat, the event is co-held by China-ASEAN Business Council and ASEAN Council Beijing (ACB). During the event, SM Prime was highly praised by the committee as representative and one of the influential ASEAN corporations which help the local economic development with its rich experience and advantages in construction and operation of commercial properties.
SM Prime belongs to SM Group, one of the largest listed companies in the Philippines and one of the largest integrated property developers in Southeast Asia, its major businesses cover areas of retail (supermarkets, department stores and brand stores),mall operation, banking and financial services, properties development, hotel and convention. In year 2017, SM Prime reached PHP 1 Trillion market value on the back of favorable market outlook, which makes SM Prime the first Philippine company to reach this milestone in the market. SM has accumulated more than 30 years of experience in running shopping malls, it now owns 79 shopping malls worldwide with total GFA reaches 9.77 million square meters and daily foot traffic reaches more than 4.2 million people. SM now possesses three of the world's top ten shopping centers: SM Megamall, SM City North EDSA and SM Mall of Asia.
Since the entering into Chinese market, SM Prime has invested shopping malls in Xiamen, Jinjiang, Chengdu, Suzhou, Chongqing, Zibo, Tianjin, and Yangzhou cities with total GFA of operating malls reach more than 1.5 million square meters. These projects have demonstrated the goal and impact of SM Prime's strategy to build "new centers of urban life" , which also improve local business facilities and quality of city life.
The first stop of SM in China is located in Xiamen city, which has helped the region develop from nowhere to must-go destination and maintain the record of average daily foot traffic reach 120 thousand people and highest daily foot traffic reach more than 500 thousand people.
SM China’s masterpiece –SM City Tianjin, which has become new destination for local people within 2 years of operation, is expected to become one of the largest shopping centers in the world with the floor area of 560,000㎡.
SM agrees with China’s great potential on newly developed regions and is now pushing the construction of SM Yangzhou Complex and SM Xiamen Complex. In the future, with the vision of creative, innovative and sustainable complex projects, SM is expected to contribute to a vibrant life to more China cities.
For its excellent performance in integrated properties development and its operation management capabilities, SM Prime Holdings, Inc. has won the title given by CABC in year 2014, 2015 and 2017; founder of SM Group, Mr. Henry Sy, Sr. was awarded “Outstanding Contributors for Promoting ASEAN -China Economic and Trade Cooperation” in 2018. All these are the proofs of SM being recognized by governments, economics organization as well as industry.